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Roman Tarmat

Printed From: The Equity Desk
Category: Investment Ideas - Creating winning portfolios!
Forum Name: Stock Synopsis
Forum Discription: A bried discussion of companies on very specific matters. Normally this is the prelude for further research as always members would be discussing quality companies with good management only
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=2468
Printed Date: 20/Apr/2025 at 8:15am


Topic: Roman Tarmat
Posted By: samirarora
Subject: Roman Tarmat
Date Posted: 20/Oct/2009 at 12:59pm
Hi folks,
Anyone have any pleasant (or unpleasant) ideas about this stock.
 
Very small company, but seems to be getting the orders and doing business as usual.. .could it become big someday?
 
best wishes,
Samir.


Replies:
Posted By: FutureBull
Date Posted: 20/Oct/2009 at 1:23pm
is this Tarmac or Tarmat?

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‘The market always does what it’s supposed to — BUT NEVER WHEN’.

Posted By: samirarora
Date Posted: 20/Oct/2009 at 1:32pm
yes.. you are right.. it is tarmaT... apologies about the typo!!
 
best wishes,
samir.


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Posted By: smartcat
Date Posted: 20/Oct/2009 at 4:10pm
In the midcap infrastructure space, look for asset owners rather than contractors.
 

Posted By: nitin_jagtap
Date Posted: 20/Oct/2009 at 4:24pm
Originally posted by smartcat

In the midcap infrastructure space, look for asset owners rather than contractors.
 
 
Why would you say ; would it be to boost book value ? on the other hand contractors have advantage of being asset light but their main concern is managing their Working capital


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Warm REgards
Nitin Jagtap

Posted By: smartcat
Date Posted: 20/Oct/2009 at 5:25pm
These chota mota contractor companies don't know how to manage costs. Topline keeps growing while the bottomline keeps shrinking. Take a look at this company's FY09 numbers and compare it with FY08 or FY07.

Posted By: samirarora
Date Posted: 20/Oct/2009 at 6:05pm
While i get what you mean.. but i dont think that we can generalize the same...not that i am promoting the company in question, as i am myself still trying to study it... but dont procter and gamble, HUL and so many other companies not go to third party contractors/manufacturers and just market the items..
 
I mean, the idea is to get the business and get paid for it.. and what i liked in this company is the fact that road repair/road laying and runaway maintenance can never go out of fashion.. and actually , i thought they were in a unique space, due to the fact, that bigger companies will not do such stuff...
 
Best wishes,
samir.


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Posted By: Kalyan
Date Posted: 26/Jun/2010 at 4:33pm
[QUOTE=smartcat]In the midcap infrastructure space, look for asset owners rather than contractors.
 
suggest some name smartcat.

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kalyan

Posted By: studentoflife
Date Posted: 26/Jun/2010 at 6:48pm
I think we have a stock where the company is more into contracting business and still the profits are handsome- Ahluwalia Contracts....
Roman Tarmat certainly has declining margins.
 
Asset owning company balance sheets cannot be trusted.Their valuations may not follow any clear guidelines.....

Posted By: Stockboy
Date Posted: 19/Aug/2010 at 12:38pm
Company has unexecuted order book of Rs.450 cr. Earlier they did not have escalation clause in their contracts, so the poor profits. Now they have built that into every contract. Management expects Rs.200 cr. sales for FY11, bulk of it coming in the second half. Does anyone know more here?

Posted By: Stockboy
Date Posted: 19/Aug/2010 at 1:18pm
Some more things. They expect a net margin of 7-8% this year. 12% from airports and 4% from roads. So I guess they averaged it. The stock seems to go nowhere for somtime, as far as i can see. That and the following below raised my interest.

1. No single entity owns more than 1%.
2. No brokerage reports.
3. No analyst has even contacted them for more than a year.
4. Pathetic past performance.

However the stock doesn't go down much. Someone starts to accumulate big time at Rs.55-56. Let me know if someone can dwell on more details.


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